Press Release

RDL/055/2026-27 Date: 04.11.2026 To, To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400051 Mumbai - 400001 NSE EQUITY SYMBOL: RUSHIL SCRIP CODE: 533470 ISIN: INE573K01025 Dear Sir / Madam, Sub: Press release Please find enclosed herewith the Press Release of the Company in respect of Unaudited Standalone and Consolidated Financial Results of Rushil Decor Limited for the Second Quarter ended September 30, 2026. Please take the same into your records and do the needful. Thanking you, Yours faithfully, For Rushil Decor Limited Hasmukh K. Modi Company Secretary Encl.: a/a Q2 and H1 FY2027 Press Release Highest Ever Consol Revenue at Rs. 2,953 Mn, +25.3% YoY in Q2 FY27 Laminates Revenue at Rs. 884 Mn, +61.7% YoY in Q2 FY27 Laminates EBITDA at Rs. 85 Mn, +102.0% YoY in Q2 FY27 MDF Revenue at Rs. 1,962 Mn, +15.8% YoY in Q2 FY27 MDF EBITDA at Rs. 194 Mn, +6.0% YoY in Q2 FY27 Ahmedabad, 3rd November 2026: Rushil Decor Limited (“Rushil Decor” or the “Company”) (BSE: 533470 | NSE: RUSHIL), one of the leading suppliers of eco friendly sustainable MDF and Laminates has announced its unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026. Q2 and H1 FY27 Consolidated Financial Performance: Rs. Mn Q2 FY27 Q2 FY26 YoY (%) Q1 FY27 QoQ (%) H1 FY27 H1 FY26 YoY (%) Revenue from Operations 2,953 2,356 25.3% 2,290 29.0% 5,243 4,148 26.4% Gross Profit 1,178 1,059 11.3% 892 32.0% 2,070 1,803 14.8% Gross Margin% 39.9% 44.9% 39.0% 39.5% 43.5% EBITDA 280 225 24.5% 182 53.9% 462 203 127.4% EBITDA Margin% 9.5% 9.5% 7.9% 8.8% 4.9% PBT 106 75 40.7% 25 323.0% 131 (110) nm PBT Margin% 3.6% 3.2% 1.1% 2.5% (2.7%) PAT 101 51 96.6% 20 408.6% 121 (89) nm PAT Margin% 3.4% 2.2% 0.9% 2.3% (2.2%) Division Revenue: Rs. Mn Q2 FY27 Q2 FY26 YoY (%) Q1 FY27 QoQ (%) H1 FY27 H1 FY26 YoY (%) Laminate (Incl. Jumbo) 884 547 61.7% 736 20.1% 1,620 992 63.3% MDF 1,962 1,695 15.8% 1,456 34.8% 3,418 2,938 16.4% PVC 103 90 14.3% 96 7.0% 200 176 13.7% Other 4 24 (85.3%) 1 165.8% 5 43 (88.6%) Total 2,953 2,356 25.3% 2,290 29.0% 5,243 4,148 26.4% Division Sales Volume: Rs. Mn Q2 FY27 Q2 FY26 YoY (%) Q1 FY27 QoQ (%) H1 FY27 H1 FY26 YoY (%) Laminate (Sheets)* 10,44,392 7,86,158 32.8% 8,80,319 18.6% 19,24,711 14,74,615 30.5% MDF (CBM) 76,099 63,505 19.8% 52,417 45.2% 1,28,516 1,15,578 11.2% PVC (Tonne) 1,045 934 11.8% 944 10.7% 1,988 1,817 9.4% *Laminates sales volume includes Jumbo Laminates and has been normalized to 1.0 mm equivalent laminate sheet thickness for comparability Business and operational Highlights for Q2 FY27: Laminates (Incl. Jumbo): • EBITDA of Rs. 85 million with a margin of 9.6%. • Price realization for per sheet in export and India are Rs. 731 and Rs. 1,042 • Capacity utilization at 63% (including Jumbo Laminates) MDF: • EBITDA of Rs. 194 million with a margin of 9.9%. • Price realization per CBM for India was Rs. 25,786 • Capacity utilization at 87% PVC: • EBITDA of Rs. 2 million with a margin of 2.4%. • Price realization for per tonne is Rs. 98,793 • Capacity utilization at 78% 1 Q2 and H1 FY2027 Press Release Commenting on the performance Mr. Rushil Thakkar, Managing Director said: “Rushil Decor achieved its highest ever quarterly Revenue in Q2 FY27, reflecting improved performance across businesses, supported by higher sales, better operational performance and increasing contribution from the Laminates business. Consolidated Revenue from Operations increased 25.3% YoY to Rs. 2,953 million, while EBITDA grew 24.5% YoY to Rs. 280 million, with an EBITDA margin of 9.5%. Profit After Tax increased 96.6% YoY to Rs. 101 million. For H1 FY27, Revenue from Operations grew 26.4% YoY to Rs. 5,243 million, while EBITDA more than doubled to Rs. 462 million. The performance reflects the progress made in strengthening operations and scaling up newer product categories, particularly Jumbo Laminates. The Laminates business continued its growth momentum during the quarter, achieving its highest ever quarterly Revenue of Rs. 884 million in Q2 FY27, representing growth of 61.7% YoY, supported by higher domestic and export sales and an increasing contribution from Jumbo Laminates. EBITDA more than doubled to Rs. 85 million, with EBITDA margin improving to 9.6% from 7.7% in Q2 FY26. Blended realisations increased 21.7% YoY to Rs. 847 per sheet, reflecting an improved product mix. The improvement in both revenue and profitability reflects the progress made in expanding market reach and increasing the contribution from premium laminate products. The Jumbo Laminates business, in particular, gained significant momentum during the quarter, with Revenue increasing 97.3% sequentially to Rs. 217 million, while EBITDA grew 86.5% to Rs. 42 million, with an EBITDA margin of 19.4%. Total sales volume grew more than 3x sequentially, reflecting increasing customer acceptance and higher dispatches across domestic and export markets. This improvement was supported by higher capacity utilisation, which reached 41% during Q2 FY27, reflecting the gradual ramp up of operations. Following the initial period of product development, certifications and customer approvals, the business is now beginning to translate these efforts into higher sales and improved earnings contribution. Management remains focused on expanding its customer base, increasing capacity utilisation and building on this momentum in the coming quarters. The MDF business also achieved its highest ever quarterly Revenue of Rs. 1,962 million in Q2 FY27, representing a 15.8% YoY increase, while EBITDA grew 6.0% YoY to Rs. 194 million. The performance was primarily supported by strong domestic demand across retail and OEM channels, with India MDF revenue increasing 41.0% YoY. During the quarter, the Company continued to adopt a calibrated approach towards exports amid global trade uncertainties and elevated freight costs, prioritising domestic markets and undertaking no MDF exports during the period. Despite the absence of export sales, the business achieved record quarterly revenue, supported by higher domestic sales and improved capacity utilisation, which increased to 87% from 66% in the previous quarter. Furthermore, the Company strengthened its distribution network by adding 8 direct distributors and 27 new dealers during the quarter, improving product availability and market coverage. Alongside this expansion, participation in international exhibitions and customer interactions helped widen the Company's reach across overseas markets and improve brand visibility. Looking ahead, the Company remains focused on sustaining the improvement in business performance through higher capacity utilisation, scaling the Jumbo Laminates business and increasing the share of value added MDF products. The progress achieved in the Laminates business, particularly the acceleration in Jumbo Laminates sales and profitability, is encouraging as the investments made in product development and market expansion begin to translate into better financial performance.” Q2 and H1 FY2027 Press Release One of the leading manufacturers of Laminates and MDF in India with a global footprint across 59 countries 1. Includes Jumbo Laminates capacity of 28,00,000 sheets per annum. Capacity is calculated based on an equivalent laminate sheet thickness of 1.0 mm At a Glance Q2 and H1 FY2027 Press Release Q2 and H1 FY27 Earnings Conference Call Conference Call Details: Wednesday, November 04, 2026, at 3:30 PM IST Diamond Pass Click Here Universal Access Number +91 22 6280 1317 / +91 22 7115 8218 The number listed above is universally accessible from all networks and all countries. HK: 800 964 448 | SG: 800 101 2045 | Toll Free Number UK: 0 808 101 1573 | USA: 1 866 746 2133 About Rushil Decor: Founded in 1993, Rushil Decor Limited is a prominent Indian manufacturer in the wood panel industry, specializing in MDF boards, laminates and o [Showing first 8,000 characters — download PDF for full document]